What’s in store for your student loans in 2019?

Here are five big changes that could impact your student loans this year.

1. Student Loan Forgiveness

If you’re hoping for student loan forgiveness, there’s no guarantee that student loan forgiveness will continue in its current form, or at all.

While student loan forgiveness may benefit borrowers, the federal government pays for student loan forgiveness. U.S. Secretary of Education Betsy DeVos has noted that federal taxpayers essentially are on the hook to pay for federal student loans that are forgiven.

Current participants in Public Service Loan Forgiveness (10 years to student loan forgiveness) or income-driven repayment programs (20 to 25 years for student loan forgiveness) may be expected to be safe for student loan forgiveness, but the future of student loan forgiveness may change.

What It Means For You: While student loan forgiveness may end, student loan forgiveness may not be worth it to student loan borrowers in the long run. You may be able to pay off student loans faster or refinance student loans to save money.

Read more at Forbes.com